HaiKhuu Daily Report - 01/08/2025
Good morning, and happy Wednesday!!! I hope you all are excited about today and ready for an excellent opportunity to trade! Markets are looking relatively weak leading into FOMC minutes, but that is great as it means we have a fantastic runway to rally if market conditions remain relatively strong.
Continue to tread lightly and practice safe risk management in these market conditions, but now it is just a matter of continuing to capitalize on these conditions despite the difficulties we will have navigating everything with relative confidence. I am excited to see where these market conditions take us and provide us with some great opportunities to trade and realize some gains. I would, as always, advise everyone to tread lightly, mostly knowing that there is a volatility event ahead of us.
Just continue to manage your risk and make smart allocations in the process. Traders will be provided with great opportunities to realize gains throughout the day; now, it is just a matter of capitalizing on the conditions and making the most of it!
Also, as a final reminder. Markets are CLOSED tomorrow for the national day of mourning for Jimmy Carter!
Good luck trading today, and let’s see where the markets take us!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $591.49
Baseline Resistance: $594.79
Psychological Support: $580
Daily Cloud Support/Resistance: $588.60
Thoughts & Comments from Yesterday - 01/07/2025
Yesterday was a bloody day for the overall markets. Conditions were looking strong at open, but on the release of JOLTS data, markets, unfortunately, shot down, taking many traders hostage and wiping out some portfolios. It was a tough day with survivors being few far and few, but if you were profitable yesterday or simply survived, congratulations, as that, in my opinion, should be considered a win.
So, we started the day with $SPY opening at $597.39. Conditionally, we looked great, but market momentum and confidence were strong, which, I believe, unfortunately, killed some traders. We watched as $SPY slowly trended down despite confidence remaining strong. Then, exactly at 10 am EST, is when economic data came out and caused the markets to unfortunately go into freefall. We quickly went from $SPY trading up for the day to going red, and once we went red, $SPY continually made new lows of the day throughout the rest of the day, slowing down and bouncing off the $590 support but inevitably ended up smashing through that level and dropping into the back half of the trading day.
$SPY broke $590 once again leading into power hour as conditions were relatively weak, and we watched as $SPY went on to make the official low of the day trading at $586.78, before bouncing back up into close, where we officially ended the day with $SPY trading at $588.63, down $6.73 from the previous close, and had a $11 drop from the top to the bottom.
Hopefully, you all were able to capitalize on the market conditions that were presented to us yesterday because bearish positions worked out perfectly, and there were choppy, bullish opportunities traders could have capitalized on. Yesterday was a tough day for the markets with lots of opportunities to unfortunately get burnt, but it’s simply just being in the markets. Hopefully, any losses that were generated yesterday were minimized, and congratulations to anyone who was profitable yesterday. Let’s see where the markets take us today and make the most out of these conditions!
S&P 500 Heat Map - 01/07/2025
Thoughts & Comments for Today - 01/08/2025
Today should be a fun time for the markets with a lot of general confusion. With FOMC minutes coming out today and the markets CLOSED tomorrow for the Day of Mourning, conditions are going to be difficult to navigate, and I am expecting to see choppy and volatile conditions that will inevitably slaughter some traders. If you are attempting to trade today, please tread lightly, as I do believe many will unfortunately get slaughtered as a result of the ongoing market conditions.
One thing that I will warn you all about again is that the markets are getting to a point where I personally feel it is getting too sketchy for comfort. With the markets showing weakness amongst the strength, the weakness is growing, and we are seeing a stronger bearish trend forming. I am not saying this to scare you all, as a lot can happen over the next couple of weeks leading into the inauguration, but at the same time, I am just saying this to be realistic and put things on your radar. Conditions are weakening, and assuming that situationally things get worse, just be careful as we could see even larger selling events in the near future. So tread lightly, buy strong investments that you are confident in, and tread extremely lightly.
I will say though, as I have said before. This sell-off is unfortunate, but the selling event that has occurred could be a possible load-up area under the assumption that we will watch market conditions strengthen over the next couple of days and watch as we display significantly more strength after the FOMC minutes get released. Be on the lookout for a possible breakout because it can very easily happen.
Just please all be very careful because if you could not tell by this point, I am expecting to see weakness in the markets, but I am expecting to see a larger directional move. The question is which direction we are headed, and where are the markets going to go after this? I genuinely don’t know where we are headed, and I am assuming the large majority of traders do not either, so tread lightly, practice safe risk management, and just be smart attempting to capitalize on these conditions.
For my personal allocations today, I do intend on scalping when given an opportunity to do so, but I do not intend on taking on a significant amount of risk. If anything, I do intend on trading like I did yesterday, where they are quick scalps when I have the confidence to do so. I am not going to be overly aggressive or speculate when I am not confident doing so, but at the same time, I don’t want to miss out on opportunities. So I will be looking to have some fun but be safe and protect my bottom line at the same time. We will see where the markets ultimately do take us, though, as I am excited to see where everything inevitably ends up.
Again, just know that today is going to be a difficult day to navigate on an intraday basis, so tread extremely lightly!
If I see any opportunities, or if I decide to get into any other plays, I’ll announce what I see in the HaiKhuu Discord.
My Personal Watchlist:
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
$SPY, $NVDA, $TSLA, $GRYP, $INTC, $DG, $BA, $RIVN, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 01/08/2025 (ET):
ADP Employment - 8:15 AM
FOMC Minutes - 2:00 PM
Consumer Credit - 3:00 PM
Notable Earnings for 01/08/2025
Pre-Market Earnings:
AngioDynamics (ANGO)
MSC Industrial Direct (MSM)
UniFirst Corporation (UNF)
After-Market Earnings:
AZZ Inc (AZZ)
Jefferies Financial Group (JEF)
Saratoga Investment (SAR)
Penguin Solutions (PENG)
Wrap up
Market conditions should be volatile and interesting to attempt to navigate today. Please tread lightly and practice safe risk management in these conditions, but understand that opportunities will consistently present themselves to us today. Make the most out of today, because the markets will be closed tomorrow!!!
Good luck trading, and let’s see where FOMC minutes take us!